The price is being manipulated so hardcore right now...

[illyiller]

 But this bear market -- the longest one ever -- threatens that as well.

It's not the longest. In 2011 there was a much longer period.

No. Check the charts. Peak in June 2011 --> bottom in November. 6 months. We are going on 9 months of bear market in the current cycle.

[Gwapo]

I don't know about you guys, but they aren't getting my coins for any price except 10X or more than what I paid for them.

Massive walls be damned.

I'm with you.

Except forget 10x...don't be shortsighted.

Try 30-40x.

Unlike MatTheCat and others like him, I don't hold Bitcoin to get rich overnight. I'm looking at this in terms of years.

The price is either going to be a LOT higher in 2 years, or Bitcoin is going to be 5 cents. It's that simple.

Most these crybabies are investing like $2k and start crying when the price drops 20% and they lose $400. Awww...I'm sorry your $2k investment hasn't made you a millionaire yet.. You wanna get some McDonalds icecream? Make you feel better? Awwwww..

If that $2k goes to $0, is it really that profound?

Now if that $2k goes to $80k in 5 years time...that's fucking profound.

My point is this: If you bought into Bitcoin thinking that it was going to be a straight line up, you are a delusional retard.

tou-fuckin-che

[maker88]

 But this bear market -- the longest one ever -- threatens that as well.

It's not the longest. In 2011 there was a much longer period.

No. Check the charts. Peak in June 2011 --> bottom in November. 6 months. We are going on 9 months of bear market in the current cycle.

wasn't 2011 the year of the 'bubble' that didn't break the previous all time high?

[illyiller]

 But this bear market -- the longest one ever -- threatens that as well.

It's not the longest. In 2011 there was a much longer period.

No. Check the charts. Peak in June 2011 --> bottom in November. 6 months. We are going on 9 months of bear market in the current cycle.

wasn't 2011 the year of the 'bubble' that didn't break the previous all time high?

That would be summer 2012. I'm not sure whether I would include that with the "bubbles" of 2011 and 2013. Point still stands -- the bear market ended with the November 2011 low.

[Jamie_Boulder]

Actually I think the price atm is the real value, $600+ was the manipulated price and I guess they decided to cash in..

the term is cash out, but either way thats a stretch to think 500 is a more natural price than 600, when 500 only came about because of a whale making huge market sell orders specifically to scare everyone into getting out.

1. To withdraw from a venture by or as if by settling one's account.
2. Informal To obtain a profit or other advantage by timely exploitation: Profiteers cashed in during the gasoline shortage.

It can be argued the same whale caused the massive buy out when it was originally $450 and caused the price to rise to $600

[BitBits]

 But this bear market -- the longest one ever -- threatens that as well.

It's not the longest. In 2011 there was a much longer period.

No. Check the charts. Peak in June 2011 --> bottom in November. 6 months. We are going on 9 months of bear market in the current cycle.

It all depends on what comes next and how you look at the charts.
The uptrend from around 450 to around 680 in may (<--- 6 month of previous downtrend cycle) could be a phase one of the new 6-month cycle and right now we are just having a pull back.
...Or you could be right, but longer time per cycle doe not mean there are non. They (cycles) could be simply "in scale" so to speak.

[nextblast]

Gotta go along with the top 100/1000 guys at ondn